OceanaGold Historical Cash Flow
| OGC Stock | CAD 4.44 0.01 0.22% |
Analysis of OceanaGold cash flow over time is an excellent tool to project OceanaGold future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Non Cash Items of 44.7 M or Capital Expenditures of 207.7 M as it is a great indicator of OceanaGold ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining OceanaGold latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether OceanaGold is a good buy for the upcoming year.
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About OceanaGold Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in OceanaGold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which OceanaGold's non-liquid assets can be easily converted into cash.
OceanaGold Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Capital Expenditures
Capital Expenditures are funds used by OceanaGold to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of OceanaGold operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Depreciation
Depreciation indicates how much of OceanaGold value has been used up. For tax purposes OceanaGold can deduct the cost of the tangible assets it purchases as business expenses. However, OceanaGold must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from OceanaGold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into OceanaGold current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, OceanaGold's Change To Netincome is very stable compared to the past year. As of the 23rd of November 2024, Change To Liabilities is likely to grow to about 33.3 M, though Change In Cash is likely to grow to (20.4 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Stock Based Compensation | 7.9M | 7.2M | 14.2M | 14.9M | Depreciation | 187.8M | 201.2M | 228.8M | 145.5M |
OceanaGold cash flow statement Correlations
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OceanaGold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OceanaGold cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (58.7M) | 130M | (46M) | (49.8M) | (21.5M) | (20.4M) | |
| Free Cash Flow | (38.1M) | (54.9M) | (63.3M) | 87M | 34.3M | 36.0M | |
| Change In Working Capital | (3.8M) | 57.8M | (73.7M) | (19.9M) | (22.7M) | (23.8M) | |
| Begin Period Cash Flow | 107.7M | 49M | 179M | 133M | 83.2M | 94.2M | |
| Other Cashflows From Financing Activities | 700K | 59.7M | 52.2M | (130.2M) | (341.8M) | (324.7M) | |
| Other Non Cash Items | 22.5M | 86.6M | 172.5M | 13.6M | 45.5M | 44.7M | |
| Capital Expenditures | 242.4M | 253.7M | 324.7M | 281.7M | 349.9M | 207.7M | |
| Total Cash From Operating Activities | 204.3M | 198.8M | 261.4M | 368.7M | 384.2M | 403.4M | |
| Net Income | 14.5M | (150.4M) | (3.7M) | 132.6M | 83.1M | 87.3M | |
| Total Cash From Financing Activities | (21M) | 159.5M | 25.1M | (130.2M) | (57.8M) | (54.9M) | |
| End Period Cash Flow | 49M | 179M | 133M | 83.2M | 61.7M | 98.5M | |
| Dividends Paid | 12.3M | 18.6M | 6.3M | 0.0 | 14.3M | 8.4M | |
| Change To Inventory | (16.5M) | 6.4M | 4.4M | (15.9M) | (16.3M) | (17.1M) | |
| Depreciation | 168.6M | 181.4M | 187.8M | 201.2M | 228.8M | 145.5M | |
| Stock Based Compensation | 5.7M | 7.8M | 7.9M | 7.2M | 14.2M | 14.9M | |
| Change To Account Receivables | 1.8M | (22M) | (14.7M) | (19.9M) | (26.3M) | (25.0M) | |
| Investments | (239.7M) | (225.8M) | 1.1M | (280.8M) | (353.3M) | (335.6M) | |
| Net Borrowings | (15.4M) | 37M | 25.1M | (130.2M) | (117.2M) | (111.3M) | |
| Total Cashflows From Investing Activities | (239.7M) | (225.8M) | (315.8M) | (280.8M) | (252.7M) | (265.4M) | |
| Change To Netincome | 15.7M | 22.6M | (13.1M) | 49.7M | 57.2M | 60.0M | |
| Change To Liabilities | 9.3M | 70.3M | (63.7M) | 27.6M | 31.7M | 33.3M | |
| Other Cashflows From Investing Activities | 2.7M | 27.9M | 8.9M | 900K | 1.0M | 983.3K |
Pair Trading with OceanaGold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OceanaGold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OceanaGold will appreciate offsetting losses from the drop in the long position's value.Moving together with OceanaGold Stock
| 0.77 | AG | First Majestic Silver | PairCorr |
| 0.67 | IE | Ivanhoe Energy | PairCorr |
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
Moving against OceanaGold Stock
The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OceanaGold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OceanaGold to buy it.
The correlation of OceanaGold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OceanaGold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in OceanaGold Stock
The Cash Flow Statement is a financial statement that shows how changes in OceanaGold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which OceanaGold's non-liquid assets can be easily converted into cash.